Provide useful indicators of how a company compares against key rivals, factor by factor and capability by capability—thus indicating whether the company has a net overall competitive advantage or disadvantage against each rival 81 Which one of the following is an accurate interpretation of the scores that result from doing a competitive strength assessment?
Another key point to be noted in determining the strength of a company is its leverage position. Chapter on Innovation Prahalad, C. Therefore, there is a question as to whether the success of a business company is determined by the success of its products market centric or it is determined by the activities that occur internally within the company.
Benchmarking The options for remedying an internal cost disadvantage include E. This is an attempt to facilitate norms by incorporating conceptual and empirical knowledge that exists in the organization. This is definitely a paradigm that is emerging for any business firm.
Persuade forward channel allies to implement best practices 68 Which of the following is not an option for remedying a cost disadvantage associated with activities performed by forward channel allies wholesale distributors and retail dealers? The specific knowledge plays a vital role in exploiting the resources available so that the company can obtain a competitive advantage and this eventually contributes to the strength of a company Hamel Prahalad, High scores signal a strong competitive position and possession of a competitive advantage over companies with lower scores Whether a company should correct its weaknesses by adopting best practices and revamping the makeup of its value chain 83 Calculating competitive strength ratings for a company and comparing them against strength ratings for its key competitors helps indicate A.
A company competence 23 The difference between a company competence and a core competence is that D. When increases in GDP happen an unbalanced constellation of the overall factors responsible for wealth occur that has negative influences on the overall wealth regarding environment and culture.
In a weighted competitive strength assessment, the sum of the weights should add up to B. Whether it has a larger number of competitive assets than competitive liabilities and whether it has a superior quality product 8 Identifying and assessing a company's resource strengths and weaknesses and its external opportunities and threats is called A.
Determine the costs of each primary and support activity comprising a company's value chain and thereby reveal the nature and make-up of a company's internal cost structure 54 The value chains of rival companies B. To build a competitive advantage by out-managing rivals in performing value chain activities, a company must C.
Gives a company competitive capability and is a genuine company strength and resource They represent its competitive assets and are big determinants of its competitiveness and ability to succeed in the marketplace 18 A company's resource strengths C.
Ranking the company against major rivals on each of the important factors that determine market success and ascertaining whether the company has a net competitive advantage or disadvantage versus major rivals 75 A weighted competitive strength assessment is generally analytically superior to an unweighted strength assessment because E.
Which one of the following is not part of conducting a SWOT analysis? Insisting on across-the-board cost cuts in all value chain activities—those performed by suppliers, those performed in-house and those performed by distributors-dealers This does not disqualify it completely from the list of items that determine the strength of a company, but it is just that it cannot be used alone in the analysis.
Is a way of determining which competitor has the biggest overall competitive advantage in the marketplace and which competitor is faced with the biggest overall competitive disadvantage 80 Quantitative measures of a company's competitive strength B.
For a company to translate its performance of value chain activities into competitive advantage, it must A. It is however important to note that the competencies cannot just be assembled readily from the markets on a ready-made basis.
Persuade forward channel allies to implement best practices Which of the following best describes the market opportunities that tend to be most relevant to a particular company? Switching to activity-based costing 66 The options for remedying a supplier-related cost disadvantage include A.
Is an accounting system that assigns a company's expenses to whichever activity in a company's value chain is responsible for creating the cost 60 Benchmarking involves A. Insisting on across-the-board cost cuts in all value chain activities—those performed by suppliers, those performed in-house and those performed by distributors-dealers 69 A company that does a first-rate job of managing its value chain activities relative to competitors B.
The lack of a well-known brand name with which to attract new customers and help retain existing customers Which of the following is not accurate as concerns the task of identifying the strategic issues and problems that merit front-burner managerial attention?
In fact, Porter posts those managers will be judged by how capable they are in identifying, cultivating and exploiting key competencies to foster the growth of the company.
Identifying the company's resource strengths and weaknesses and its opportunities and threats, drawing conclusions about the company's overall situation and translating the conclusions into strategic action to improve the company's strategy 15 A company resource strength can concern E.Mar 26, · How well a company performs and the degree of market success it achieves are directly attributable to: a.
whether its enjoys a low-cost advantage over rivals and 5/5. Which one of the following is not a reliable measure of how well a company's current strategy is working? B. Whether it has a larger number of competitive assets than competitive liabilities and whether it has a superior quality product.
GDP is not measured in products produced - but by the products as priced in fiat currency, ie the means of exchange used - which in itself is subject to Government induced inflation variations in quantity/ value. Start studying Policy and Strat Ch 4.
Learn vocabulary, terms, and more with flashcards, games, and other study tools. Which one of the following is not a reliable measure of how well a company's current strategy is working?
The competitive power of a company resource strength is not measured by which one of the following. I do not think that GDP growth is a good indicator of improving quality of life.
My opinion is that the GDP can actually have the inverse affect on the quality of life. This is because of the way our medical and prison systems are set up. One important indicator of how well a company's present strategy is working is whether 4.
Which one of the following is not a reliable measure of how well a company's current strategy is working? %(10).Download